NZD/USD Outlook (05 May 2021)

Overall, NZD/USD is trending upwards. Recently, NZD/USD bounced off the support zone of 0.71000.

The New Zealand employment data released earlier today indicated that employment continued to grow during the first quarter of 2021 while unemployment rate continues to decline.

• Employment Change q/q (Actual: 0.6%, Forecast: 0.3%, Previous: 0.6%)
  
• Unemployment Rate (Actual: 4.7%, Forecast: 4.9%, Previous: 4.9%)
  

NZD/USD’s next support zone is at 0.71000 and the next resistance zone is at 0.72850.
Look for buying opportunities of NZD/USD.